Gaingels Enhances Investment Management Across Global Portfolios
SoftLedger helped Gaingels manage its own explosive growth with a high-performing accounting system that supported their mission and scale. With powerful flexibility, unmatched support, and room to grow, Gaingels was able to modernize their financial operations without compromise.
About Gaingels
Gaingels is amongst the largest investors in the world aiming to show that equity of access and representation in venture capital delivers positive returns. Gaingels co-invests with select venture capital leads in companies resolved on building diverse and inclusive teams. They seek to drive top returns while influencing the ecosystem and representing a diverse group of investors that include the LGBTQ community and its allies within the capital stack of its portfolio companies.
By late 2021, as Gaingels scaled its portfolio and operations, the organization recognized the need for a foundational financial system. Until that point, they were using a less complex online bookkeeping system which needed to be replaced to cater for growth.
The Problem
As investment activity increased and financial complexity grew, Gaingels faced significant operational challenges. The existing bookkeeping system was not scalable to the new requirement of multi-entity multi-currency consolidation and stakeholder reporting needed to improve.
Managing a high volume of entities and bank accounts across multiple currencies only added to the pressure. Reconciliations had to be handled manually and externally, which made it difficult to scale or move quickly. Existing accounting software tools couldn’t support the volume or structure Gaingels required.
What they needed was a system that could be stood up quickly, scale with their unique structure, and bring clarity to an increasingly complex financial picture.
The SoftLedger Solution
Gaingels chose SoftLedger as the accounting backbone for their operations due to its ability to scale from zero infrastructure while handling a high volume of entities, accounts, and currencies.
The multi-account upload functionality allowed their team to onboard thousands of transactions efficiently, while SoftLedger’s support for USD, GBP, and EUR gave them the flexibility to manage international investments without complexity. Unlike other platforms, SoftLedger didn’t limit the number of accounts or entities—a critical differentiator for a firm with ambitious growth plans.
As a result, Gaingels could address the increasingly complex requirements of its accounting. Transactions were assigned to proper GAAP-compliant categories, complex reporting became possible, and financial operations addressed the firm’s modern, mission-driven investment philosophy. The platform’s ability to show where broken lines existed across more than 7,000 transactions made troubleshooting far faster and significantly reduced time spent on manual workflows.
Results
With SoftLedger, Gaingels built a scalable financial system from the ground up—customized to meet the unique demands of their distributed investment model. The platform allowed them to:
- Organize and manage a vast portfolio of financial data with clarity
- Dramatically reduce time spent on manual processes
- Scale entities and accounts effortlessly without performance limits
- Navigate unexpected events like the Silicon Valley Bank collapse with speed and confidence
SoftLedger helped Gaingels manage its own explosive growth with a high-performing accounting system that supported their mission and scale. With powerful flexibility, unmatched support, and room to grow, Gaingels was able to modernize their financial operations without compromise.
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